(a) What was her selling price, if she sold this bank bill at a yield of 3.85% p.a. (simple interest)? a. 198929.866 b. 198950.739 c. 198908.998 d. 197810.399 Mackenzie purchased a 90-day $200 000 bank bill (at simple interest) on 14 March 2023. The purchase price was $197 000. She sold this bank bill on 22 April 2023. (b) Assume that Mackenzie sold this bank bill at a price of $197 800 and deposited all sale proceeds into an account to earn simple interest of 4.92% p.a. What is her annualised (simple interest) yield on her 90-day investment from 14 March 2023? Give your answer as a decimal (to five places). a. 0.04446 b. 0.04391 c. 0.04501 d. 0.03801
Mackenzie purchased a 90-day $200 000 bank bill (at simple interest) on 14 March 2023. Her purchase price was $197 000. She sold this bank bill on 22 April 2023.
(a) What was her selling price, if she sold this bank bill at a yield of 3.85% p.a. (simple interest)?
a. 198929.866 b. 198950.739 c. 198908.998 d. 197810.399
Mackenzie purchased a 90-day $200 000 bank bill (at simple interest) on 14 March 2023. The purchase price was $197 000. She sold this bank bill on 22 April 2023.
(b) Assume that Mackenzie sold this bank bill at a price of $197 800 and deposited all sale proceeds into an account to earn simple interest of 4.92% p.a. What is her annualised (simple interest) yield on her 90-day investment from 14 March 2023? Give your answer as a decimal (to five places).
a.
0.04446
b.
0.04391
c.
0.04501
d.
0.03801
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